Friday, April 10, 2009

How media misreports government overspending

The state reported Friday morning that General Fund revenues are higher for March and for the first nine months of the current fiscal year.

That would seem to contradict the politicians' claims of revenue shortfall, wouldn't it? Well, you'd never get the idea that spending to much (rather than taxing us too little) is the problem if you depend on the Lexington Herald Leader and Louisville Courier Journal for your news.

Seeing words like "no growth" and "flat," one might get the mistaken impression that revenues have not continued to climb.

Try instead the Bluegrass Policy Blog, which got it right and even did the math for you. Click here to read the story on the Bluegrass Policy Blog.